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Sharp expands OLED investment scale to 878 million USD
Release time:
2017-03-09
Sharp Co. (Sharp Co., 6753.TO, SHCAY) plans to expand its investment scale, spending about 100 billion yen (approximately 880 million USD) to manufacture organic light-emitting diode (OLED) displays, a technology that will be applied to Apple Inc.'s next series of iPhones.
Sharp hopes to produce at least 30,000 display panels per month at its Japanese factory starting next year. Sources indicate that this will require an investment of about 100 billion yen, higher than the 57.4 billion yen disclosed in September last year; Sharp plans to establish a small-scale OLED production line with this investment before June 2018. Sharp is headquartered in Osaka, and the majority of the company's shares are held by Taiwan's Foxconn Technology Group.
Analysts say that currently over 95% of smartphone OLED displays are manufactured by Samsung Electronics, partly because competitors face difficulties in acquiring the machinery needed to produce these displays. South Korea's LG Display Co. (034220.SE) and Japan Display Inc. (6740.TO), as well as Chinese manufacturers like BOE Technology Group, are accelerating their plans to build OLED factories.
(According to CIVA OLED editorial compilation)
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